Can I retire at age 55 with 10,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$900,112$892,094$884,272$876,637$869,181$853,378
2 years$445,600$437,301$429,258$421,460$413,896$398,031
3 years$294,116$285,781$277,758$270,033$262,593$247,160
4 years$218,389$210,079$202,137$194,544$187,283$172,402
5 years$172,964$164,705$156,867$149,428$142,370$128,083
6 years$142,691$134,494$126,772$119,499$112,652$98,975
7 years$121,076$112,948$105,348$98,247$91,616$78,553
8 years$104,872$96,817$89,343$82,417$76,005$63,552
9 years$92,275$84,297$76,951$70,201$64,007$52,157
10 years$82,204$74,303$67,088$60,514$54,537$43,279
11 years$73,969$66,148$59,063$52,665$46,904$36,226
12 years$67,112$59,371$52,417$46,194$40,646$30,533
13 years$61,314$53,654$46,831$40,783$35,444$25,880
14 years$56,349$48,770$42,078$36,202$31,070$22,038
15 years$52,049$44,552$37,991$32,286$27,356$18,839
16 years$48,291$40,876$34,444$28,909$24,178$16,156
17 years$44,978$37,645$31,343$25,974$21,438$13,892
18 years$42,037$34,786$28,612$23,408$19,061$11,973
19 years$39,408$32,239$26,193$21,151$16,990$10,339
20 years$37,046$29,958$24,039$19,156$15,176$8,943
21 years$34,911$27,905$22,111$17,386$13,580$7,747
22 years$32,972$26,048$20,379$15,808$12,173$6,718
23 years$31,205$24,362$18,816$14,396$10,927$5,832
24 years$29,588$22,826$17,402$13,130$9,822$5,068
25 years$28,102$21,421$16,117$11,991$8,838$4,407
26 years$26,733$20,132$14,948$10,964$7,961$3,835
27 years$25,467$18,947$13,881$10,036$7,177$3,339
28 years$24,294$17,853$12,904$9,195$6,476$2,909
29 years$23,203$16,843$12,008$8,432$5,848$2,535
30 years$22,188$15,906$11,185$7,738$5,284$2,210
31 years$21,239$15,037$10,428$7,107$4,777$1,928
32 years$20,352$14,228$9,729$6,532$4,321$1,682
33 years$19,520$13,474$9,084$6,006$3,911$1,468
34 years$18,739$12,770$8,488$5,526$3,541$1,281
35 years$18,004$12,112$7,935$5,087$3,207$1,118
36 years$17,312$11,496$7,423$4,685$2,906$976
37 years$16,658$10,919$6,948$4,317$2,634$853
38 years$16,041$10,377$6,507$3,979$2,388$745
39 years$15,456$9,867$6,096$3,669$2,165$650
40 years$14,902$9,388$5,714$3,384$1,964$568
41 years$14,376$8,936$5,358$3,122$1,782$496
42 years$13,877$8,511$5,026$2,881$1,617$434
43 years$13,403$8,109$4,716$2,660$1,467$379
44 years$12,951$7,730$4,427$2,456$1,332$331
45 years$12,520$7,371$4,157$2,268$1,209$289
46 years$12,110$7,032$3,904$2,095$1,098$253
47 years$11,718$6,710$3,668$1,936$997$221
48 years$11,343$6,406$3,447$1,789$905$193
49 years$10,985$6,117$3,240$1,653$822$169
50 years$10,642$5,843$3,046$1,528$747$147

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $10,900,000, adding $2,245 every year, while hoping to spend $26,593 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 37/45/18 Blend
54$10,900,000$10,900,000$10,900,000$10,900,000
55$12,014,116$11,436,416$11,267,466$12,393,130
56$13,211,261$11,968,505$11,616,631$13,199,397
57$14,529,623$12,525,776$11,976,602$14,067,030
58$15,981,540$13,109,434$12,347,713$15,003,648
59$17,580,603$13,720,742$12,730,308$16,015,454
60$19,341,792$14,361,027$13,124,741$17,109,249
61$21,281,614$15,031,676$13,531,379$18,292,485
62$23,418,257$15,734,147$13,950,598$19,573,337
63$25,771,764$16,469,964$14,382,788$20,960,770
64$28,364,222$17,240,730$14,828,349$22,464,619
65$31,219,967$18,048,121$15,287,694$24,095,677
66$34,365,821$18,893,896$15,761,248$25,865,788
67$37,831,336$19,779,898$16,249,452$27,787,955
68$41,649,080$20,708,061$16,752,756$29,876,453
69$45,854,941$21,680,410$17,271,628$32,146,959
70$50,488,465$22,699,071$17,806,548$34,616,691
71$55,593,234$23,766,271$18,358,012$37,304,560
72$61,217,269$24,884,343$18,926,532$40,231,345
73$67,413,492$26,055,738$19,512,632$43,419,879
74$74,240,220$27,283,021$20,116,857$46,895,251
75$81,761,717$28,568,883$20,739,766$50,685,039
76$90,048,799$29,916,145$21,381,935$54,819,558
77$99,179,507$31,327,767$22,043,960$59,332,134
78$109,239,837$32,806,848$22,726,453$64,259,410
79$120,324,558$34,356,640$23,430,046$69,641,679
80$132,538,101$35,980,554$24,155,391$75,523,253
81$145,995,549$37,682,163$24,903,159$81,952,869
82$160,823,722$39,465,216$25,674,041$88,984,133
83$177,162,372$41,333,642$26,468,752$96,676,016
84$195,165,505$43,291,562$27,288,027$105,093,395
85$215,002,834$45,343,296$28,132,623$114,307,648
86$236,861,380$47,493,374$29,003,322$124,397,316
87$260,947,237$49,746,546$29,900,930$135,448,824
88$287,487,521$52,107,792$30,826,277$147,557,281
89$316,732,509$54,582,334$31,780,218$160,827,361
90$348,958,005$57,175,649$32,763,636$175,374,267
91$384,467,944$59,893,478$33,777,440$191,324,807
92$423,597,257$62,741,842$34,822,567$208,818,562
93$466,715,038$65,727,053$35,899,985$228,009,187
94$514,228,026$68,855,732$37,010,687$249,065,834
95$566,584,441$72,134,820$38,155,702$272,174,730
96$624,278,223$75,571,596$39,336,087$297,540,906
97$687,853,690$79,173,691$40,552,934$325,390,109
98$757,910,675$82,949,111$41,807,366$355,970,902
99$835,110,194$86,906,248$43,100,543$389,556,986
100$920,180,682$91,053,902$44,433,659$426,449,749